Eli Broad

The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people familiar with the company's plans, in a surprise move that likely spells the end of its long-troubled relationship with southern California's leading news outlet.

The buyer is Patrick Soon-Shiong, a Los Angeles-area physician and a major shareholder of the paper's current parent company, Tronc Inc., according to the people involved in the deal, who asked not to be named because they weren't authorized to talk. Soon-Shiong is the billionaire founder and chief executive of NantHealth, based in Culver City. He will also buy its sister newspaper, the San Diego...

Related "Eli Broad" Articles

The Chicago-based owner of the Los Angeles Times is expected to announce it is selling the newspaper, according to people familiar with the company's plans, in a surprise move that likely spells the end of its long-troubled relationship with southern...

The world's richest people got a whopping $1 trillion richer, according to a new report from Bloomberg News. That's about four times the gains they made last year.
That data comes courtesy of the Bloomberg Billionaires Index, which tracks and ranks the...

In 1998, about half of all private-sector employers in the United States offered newly hired workers a defined-benefit pension for their retirement.
By 2015, that dropped to just 5 percent, according to the consulting firm Willis Towers Watson.
Nearly...

Tribune Publishing Co. on Monday denied a rumor started by media mogul Rupert Murdoch that the news organization was on the verge of being sold, saying it is "not engaged in discussion or a process to sell the company."
Tribune Publishing, which owns the...

California is again recording the most expensive state superintendent election in history, with a cast of billionaires who are outspending the teachers unions in support of a former charter schools executive.
The California State Superintendent of...

The priciest home on Malibu’s famed Billionaire’s Beach has found a bona fide billionaire buyer.
In what will be the most expensive home sale ever for Los Angeles County, hotelier Peter Morton has an agreement in place to sell his oceanfront property...

For more than a century, one family owned the Los Angeles Times and used the newspaper to build great wealth and exert political influence over how the city would take shape.
But over the years, the Chandler family — descendants of hard-charging...

UC Berkeley was just mopping up after what appeared to be a small group of violent protesters from off campus shut down the speech of conservative provocateur Milo Yiannopoulos — an appearance that university leaders had staunchly defended despite...

Even after her botched confirmation hearing, almost nobody paying attention to President Donald Trump's Cabinet confirmation process thought his pick for education secretary would be in trouble.
And yet, she is now just one GOP defection away from...

Seeking to quash speculation, Tribune Publishing sent a message to employees Monday denying reports that the company was about to be bought and the Los Angeles Times spun off.
Reports of a pending sale were fueled by a tweet Friday from News...

The Obama administration executed a significant about-face in its education policy Saturday, calling for a cap on the amount of time students spend taking standardized tests.
The move comes amid growing opposition from teachers and many parents who...

When he arrived in Los Angeles more than 50 years ago, Eli Broad once said, he found himself in a city without a cultural center. So the billionaire arts patron decided to build one. On Sept. 20 that effort takes a major step forward with the opening of...

When he arrived in Los Angeles more than 50 years ago, Eli Broad once said, he found himself in a city without a cultural center. So the billionaire arts patron decided to build one. On Sept. 20 that effort takes a major step forward with the opening of...

Tribune Publishing chose Baltimore Sun Media Group publisher Timothy E. Ryan to lead the Los Angeles Times and the San Diego Union-Tribune, the three newspapers' owner announced Tuesday.The promotion comes after Tribune fired the California newspapers'...

In a major newspaper industry shake-up, Austin Beutner was fired early Tuesday as publisher and CEO of the Los Angeles Times and San Diego Union-Tribune.Beutner, who had been heading up the largest newspaper in the Chicago-based Tribune Publishing...

This newspaper's latest scoop about St. Louis Rams owner Stan Kroenke's plans to build a stadium in Inglewood would be considered groundbreaking football news but for two key missing ingredients.
A shovel and a football.
For nearly each of the 20...

The personal or private museum, built to hold the blue-chip paintings of a wealthy collector, is more of an American phenomenon than a European one.
In Los Angeles alone we have the examples of the Getty, the Huntington and the Hammer to look to, with...

The most surprising thing about "Her," the new Spike Jonze movie, is not that it dares to suggest an otherwise sane person might fall in love with the operating system that runs his computer and his smartphone. Or that middle-aged men look good in...